Myron Scholes Forum, April 10, 2013
Hans-Werner Sinn, Professor of Economics and Public Finance at the University of Munich (LMU) and president of the Ifo Institute
The European Monetary Union is currently experiencing a serious internal balance-of-payment crisis. The so-called periphery countries, and especially Greece, are finding it difficult to finance their national budgets. Various bail-out measures have been introduced to save individual Eurozone countries from insolvency, which are collectively referred to as the “euro bail-out package”.